Some investors are averse to gold because, as Warren Buffett argues, it is an unproductive asset. Whereas equities and property can be useful and provide a return, gold “doesn’t do anything but sit there” and consequently has little inherent value, from Buffett’s point of view. The World Gold Council, however, says investment demand for gold exceeded 1,500 tonnes in 2016. As well as being the second-best year on record for inflows to gold exchange-traded funds (ETFs), sales of coins and bars alsWednesday, December 13, 2017

And so, as they say in the horror movies, it begins…! The unwinding of the Federal Reserve’s balance sheet. Such an esoteric concept! Is there one in ten thousand of the millions of people who sit at desks all day long from sea to shining sea who have a clue how this works? Or what its relationship is to the real world?
I confess, my understanding of it is incomplete and schematic at best — in the way that my understanding of a Las Vegas magic act might be. All the flash and dazzle conceals theTuesday, December 12, 2017

There is a Disinformation War taking place in the silver market as certain industry analysis is confusing individuals by purposely disregarding the tremendous impact of rising investment demand. Not only do I find this troubling, but I am also quite surprised how much the silver industry pays attention to this faulty analysis. So, it’s time once again to set the record straight.Setting the record straight has now become a new mission for me at the SRSrocco Report because the amount of disinforFriday, December 8, 2017

GOLD BARS rallied from yesterday's 9-week low in Asian and London trade Tuesday as global equities slipped with commodity prices amid rising tensions over Washington's policies in both the Middle East and towards rogue state North Korea.
A Chinese state-run newspaper today gave readers near the border with North Korea a page of
"common sense" advice for the event of a nuclear strike.
Wednesday, December 6, 2017

Total ounces of gold and silver sold by The Perth Mint in November 2017 as coins and minted bars: - Gold (Au): 23,901 oz - Silver (Ag): 544,436 oz This chart shows total monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.Monday, December 4, 2017

“Uber-bull predictions of gold at over $5,000 per ounce are not beyond the realms of possibility…”
So says GoldCore founder and self-confessed gold bug, Mark O’Byrne.
Indeed, I recently caught up with Mark to get his thoughts on gold and what’s going on with it right now…
But before we got to the nitty-gritty, I started by asking him a little about his background:
GLENN: How long have you been in the gold business, Mark?
MARK: Well, I founded GoldCore more than 14 years ago and it’s been my passSaturday, December 2, 2017

GOLD BULLION prices gave back a rally against the US Dollar on Friday to head for their lowest weekly close in four as European stock markets retreated, relations between Turkey and Nato ally the US worsened again, and Bitcoin rallied 6% below this week's new all-time record high.
Falling back to $1273 per ounce at lunchtime in London, wholesale gold bullion bars began December 10% higher for 2017 to date against the Dollar, but was lower from NFriday, December 1, 2017

The precious metals industry uses the troy ounce as its basic unit of measure, even in countries who have adopted the metric system. A troy ounce is heavier than the more common avoirdupois ounce. While there is a difference between a troy ounce and an ounce, the precious metals industry often uses “ounce” and the abbreviation “oz” rather than “troy ounce” and “ozt”. As a result, when you see “ounce” and “oz” used in the context of precious metals, assume the reference is to troy ounces. When reWednesday, November 29, 2017

A blog post titled “Sentiment Synopsis” posted two weeks ago contained some explanatory remarks about the Commitments of Traders (COT) reports and briefly discussed the sentiment situations for gold, silver, the Canadian dollar and the Yen using the COT data as the indicators of market sentiment. In this post I’ll do the same for the euro, the Swiss franc and oil, again with the help of charts from Gold Charts ‘R’ Us.
As noted in the earlier post, what I refer to as the total speculative net posTuesday, November 28, 2017

GOLD PRICES held in a tight $5 per ounce range on Tuesday morning in London as major government bond prices rose, nudging interest rates lower, ahead of key US data and central-bank testimony.
Holding within 0.4% of what would be a 6-week high at $1300 per ounce, Dollar gold prices extended their
longest run of a tight trading range since the start of 2016.
With Jerome Powell, DonalTuesday, November 28, 2017

It may be frustrating to watch the gold price remain dormant as stock markets continue to push higher. But while cryptos and Trump grab a lot of the headlines, you might be surprised to know there are significant forces behind the scenes that signal the gold market is not only strong but suggest something big is coming.Check out these reports from the last 30 days and see what conclusion you’d draw…Global Physical DemandDemand for coins and bars in North America may be low, but that’s not the whWednesday, November 22, 2017

– Geopolitical risk highest “in four decades” should push gold higher – Citi
– Elections, political and macroeconomic crises and war lead to gold investment
– Political uncertainty in Germany means “gold likely to remain in good demand as a safe haven” say Commerzbank
– “There has rarely been such political uncertainty in Germany at any time in the country’s post-war history” – Commerzbank
– Reduce counter party risk: own safe haven allocated and segregated gold
Editor: Mark O’Byrne
The geopolWednesday, November 22, 2017

It’s been a heck of a run.The S&P has nearly quadrupled since its 2009 low. It currently ranks as the second-longest bull market in the last 140 years (top green bar).Just as important as recognizing the frothiness of the current market is the fact that the stock market has always fluctuated between bull and bear markets. No bull market lasts forever—that will include this one.Regardless of your personal outlook for the stock market, capturing some of your profits is only prudent given how long Tuesday, November 21, 2017

Wendy McElroy is ready for most doomsday scenarios: a one-year supply of nonperishable food is stacked in a cellar at her farm in rural Ontario. Her blueprint for survival also depends upon working internet: part of her money, assuming she needs some after civilization collapses, is in bitcoin.
Across the North American countryside, preppers like McElroy are storing more and more of their wealth in invisible wallets in cyberspace instead of stockpiling gold bars and coins in their bunkers and baMonday, November 20, 2017

– Is the New Fed Chief Jeremy Powell a “Swamp Critter Extraordinaire”?
– Trump surrounding himself with elites disconnected from everyday society
– Realities of America’s difficulties not recognised by US power makers
– Powell will likely continue to protect Wall Street over Main Street
– Savers should diversify to protect themselves from Fed’s ponzi policies
Editor: Mark O’Byrne
Just like many of his other campaign promises, Trump isn’t doing a great job of draining the swamp. His nominee forSaturday, November 18, 2017